Message to 'bad actors'

CoinDesk spoke with syscoin manager and developer Dan Wasyluk, who said that the process of reclaiming the held funds won’t happen overnight. The team are happy with the result of today’s hearing and looking forward to the next stage in their legal fight, he said, adding:

“Hopefully with this injunction 'bad actors' who think that simply because ‘this is crypto’ that they will not be held legally accountable for their actions will now think twice.”

So far, Wasyluk said, neither Green or his legal representation have responded to messages or court documents. However, he expressed hope that the injunction will have a significant impact on the future of the case and the developers' ability to access the remainder of funds raised during an initial coin offering held in July.

“With this last injunction, it is very clear cut,” he said.

The legal fight over the ICO funds began amid a funding crisis at Moolah and the subsequent resignation of Green. That incident sparked a public uproar and has since left the firm's investors and users of its MintPal digital currency exchange facing losses.